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Shining Light on Farm & Food Policy for 20 Years.
Friday, November 15, 2024
Biofuel and farming organizations across the country want USDA to dismantle mandatory combinations of climate-smart agriculture practices to qualify for biofuel tax credits, and the groups suggest moving to a simplified accounting system to propel the industry's growth.
The rising demand for renewable fuel and subsequent tax credits to incentivize production has led to a significant spike in imported feedstocks like used cooking oil and tallow, which some say could undermine the domestic oilseed industry and potentially allows some fraudulent materials to enter the market.